http://www.morningstar.com/earnings/15813982-fairchild-semiconductor-international-inc-fcs-q2-2010.aspx

Fairchild Semiconductor International Inc FCS
Q2 2010 Earnings Call Transcript

Transcript Call Date 07/15/2010

Operator: Good day and welcome to the Fairchild Semiconductor Second Quarter 2010 Earnings Conference Call. At this time, I’d like to turn the conference over to Mr. Dan Janson. Please go ahead, sir.

Dan Janson - VP, IR: Good morning, and thank you for dialing into Fairchild Semiconductor’s Second Quarter of 2010 Financial Results Conference Call. With me today is Mark Thompson, Fairchild’s President and CEO; and Mark Frey, our Executive Vice President and CFO.

Let me begin by mentioning that we will be attending the Citi Global Tech Conference on September 7 in New York and the Deutsche Bank Tech Conference in San Francisco on September 15. Our 2010 Analyst Day event is scheduled for the following afternoon September 16 in San Jose. Fairchild’s management team will update our progress towards our previous target model, discuss our product strategy, and present a new target business model. Invitations will go out later this summer and we look forward to an informative afternoon and a lively discussion about the exciting future of Fairchild.

We’ll start today’s call with Mark Frey who will review our second quarter financial results and discuss the current status of third quarter business. Mark Thompson will then discuss our product line results, end markets, and operational performance in more detail. Finally, we'll reserve time for questions and answers. This call is scheduled to last approximately 60 minutes and is being simultaneously webcast from the Investor Relations section of our website at fairchildsemi.com. A replay for this call will be publicly available for approximately 30 days.

The Fairchild management will be making forward-looking statements in this conference call. These statements, including all statements about future results and performance, are made based on assumptions and estimates that involve risk and uncertainty. Many factors could cause actual results to differ materially from those expressed in forward-looking statements. A discussion of these risk factors is provided in the quarterly and annual reports we file with the SEC.

In addition, during this call, we may refer to adjusted or other financial measures that are not prepared according to Generally Accepted Accounting Principles. We use these non-GAAP measures because we believe they provide useful information about the operating performance of our businesses that should be considered by investors in conjunction with GAAP measures that we also provide. You can find a reconciliation of non-GAAP to comparable GAAP measures at the Investor Relations section of our website at investor.fairchildsemi.com. The website also contains 2010 Q2 factsheet and a financial section with an updated unaudited financial highlights including detailed breakouts of segment and regional revenues, gross margins, EBIT, and EBITDA.

Now, I'll turn the discussion over to Mark Frey.

Mark S. Frey - EVP, CFO and Treasurer: Thanks, Dan. Good morning and thank you for joining us. I'm sure most of you had a chance to review the earnings press release that we issued earlier this morning, so I’ll focus on just the key points in my comments.

Read our Earnings Call Transcript disclaimer.
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